thecryptobasic.com 
$XRP is showing renewed short-term strength, but analysts warn that a deeper correction remains possible.
At the time of writing, $XRP trades around $1.50, posting a 2.5% gain in the last 24 hours and nearly 6.85% over the past week. Notably, $XRP touched $1.60 today for the first time since February before slightly retracing.
This momentum has pushed $XRP’s market cap back above $90 billion, allowing it to overtake BNB and reclaim its position as the fourth-largest cryptocurrency globally.
The move comes after a strong recovery from February lows, when its valuation dipped to around $73 billion. However, despite this bullish resurgence, technical risks persist.
Key Points
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$XRP shows short-term strength but risks a drop to $0.70–$0.80 remain.
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Key resistance at $1.80–$2.40 must break for bullish momentum to continue.
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Analysts argue that a relief rally is possible, but a deeper correction remains a risk.
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Bulls eye $6–$10 targets, yet bearish market may cap near-term gains.
Major Resistance Still Unbroken
According to analyst ChartNerd, $XRP still faces the possibility of dropping toward the $0.70–$0.80 range if it fails to break above major resistance zones at $1.80, $2.00, and $2.40. $XRP last traded in this range in January and subsequently touched lows at $1.11 before the ongoing recovery.
ChartNerd’s analysis highlights a rejection zone around $1.80, where $XRP has repeatedly failed to sustain upward momentum. Until $XRP reclaims this level and the higher-resistance bands, its structure remains vulnerable.
In the near term, $XRP is forming a consolidation pattern after its recent pullback, with price action hovering just above $1.50. While this could lead to a breakout attempt, failure to hold current levels may trigger further downside.
Mixed Signals From Analysts
Other market watchers share a similar near-term outlook for $XRP. Analyst Doctor Profit recently disclosed taking short-term long positions, expecting a temporary relief rally.
He previously entered an $XRP position around $1.34, citing oversold conditions based on the Relative Strength Index (RSI). The rebound he projected seems to have already unfolded, as $XRP has touched $1.60 today.
At the same time, he cautioned that this upside may not last, warning of a potential massive market correction. His outlook aligns with ChartNerd’s view that downside risks remain until $XRP breaks through critical resistance.
Technically, $XRP’s current structure places it at a crossroads. A successful reclaim of the $1.80–$2.00 region could shift momentum in favor of bulls and open the path toward higher targets.
Conversely, continued rejection below these levels may confirm a deeper retracement toward the $0.80 support zone. Meanwhile, analysts consider this potential outcome a major buying opportunity.
$6 $XRP Next “At Least”
Last week, analyst Casi Trades disclosed setting a buy order for $XRP between $0.80 and $0.90, arguing that a rebound to its all-time high could follow, with $6 considered a conservative target.
Separately, analyst Crypto Bull has called for $10 $XRP, even suggesting that prices could rise to $28 and beyond. However, these bullish outlooks face challenges amid the ongoing bearish market, with $XRP experiencing more dips than pumps.
